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Drew Nelson is the scumbag who as CEO of IQE (IQE) persuaded thirsty share bloggers and other gullible souls that his low grade commodity business, based in the  rain sodden, post industrial, covid ridden, second world wastelands of South Wales which never generated a cent of cash was somehow a great growth stock. That justified paying Drew a vast salary but that was not enough to sate his greed.

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IQE plc (IQE) has announced it has filed a lawsuit in the U.S. Federal Court in California, stating it has “significant evidence” that Tower Semiconductor misappropriated IQE's trade secrets to unlawfully obtain patents on IQE's technology. Tower Semiconductor is a US-listed (Nasdaq - TSEM) circa $5 billion capitalised company which giant Intel is currently in the process of acquiring.

NEWSFLOW

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IQE plc (IQE) states it is “pleased we have met our expectations and commitments for H1 2022… the group's view of the full year remains unchanged”. With it describing itself as “the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry”, this good news then?

NEWSFLOW

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The new CEO of IQE (IQE) - the chipmaker who seduced both Malcolm Stacey and thirsty Paul Scott - starts his reign where the old one left off, as dismal calendar 2021 results post today.  Will this company ever generate cash?

NEWSFLOW

NEWSFLOW

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Just how many profits, or rather lack of profits, warnings has IQE (IQE) issued during  the 21 years since its 2000 IPO at c400p. The shares are today 40p after the Pride of the Welsh tech sector added another warning to its, already extensive, collection. I hope that folks have listened to my warnings over many years that this is a dog with fleas, or ci gyda chwain as we say here in the post-industrial, rain sodden, second world province.

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